VCI Global shares surge 10.24% after-hours after disposing Credilab via management buyout at $43.74M valuation, reallocating capital to AI-focused growth.

VCI Global surged 10.24% in after-hours trading following the announcement of its $43.74 million management buyout of fintech subsidiary Credilab. The transaction, valued at 1.1× net tangible assets, allows VCI Global to retain a 30% stake while divesting a capital-intensive business no longer aligned with its strategic shift toward AI-native platforms and asset-light operations. The disposal is expected to enhance capital efficiency and balance-sheet strength, with proceeds to be redeployed into core growth areas such as AI infrastructure, robotics, and clean energy. CFO Zhi Feng Ang highlighted the move as disciplined capital management, emphasizing the premium valuation and retained upside potential. The news directly aligns with the stock’s upward movement, reflecting investor optimism over the company’s strategic reallocation and improved financial focus.